2-bedroom flat · BB2 1XB
Listing removedListed 153 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Mayets are delighted to present this exceptionally spacious and newly refurbished two-bedroom first-floor flat, ideally situated in the popular area of Redlam close to local amenities, schools, transport links and places of worship.
Located above the well-established Spice Garden restaurant and accessed via its own private entrance, the accommodation has been freshly decorated throughout and benefits from brand new carpets, creating a modern and inviting living environment ready for immediate occupancy.
The first floor comprises of a generous reception room with contemporary feature wall, a modern fitted dining kitchen with electric hob, oven and extractor hood, two spacious double bedrooms and a family bathroom partly tiled with shower over bath and lino flooring.
To the top floor are an additional four versatile loft rooms with skylights and fitted carpets together with a further bathroom facility.
Please note these rooms are strictly for storage use only and are not to be used for residential accommodation.
Externally, the property benefits from its own private rear entrance and is conveniently positioned within easy reach of Blackburn town centre and surrounding amenities.
This unique and deceptively spacious accommodation must be viewed to fully appreciate the size and standard on offer. Early viewing is highly recommended. Deposit: £865.38 Holding Deposit: £173.07
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 145a Redlam, Blackburn
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